United Way grants $90K to boost financial literacy in Wabash Valley
TERRE HAUTE, Ind. (WTWO/WAWV) — Over the last two years, the United Way of the Wabash Valley has awarded a total of $90,000. Indiana State University received $20,000 and Junior Achievement in Wabash Valley received $70,000 through its Financial Freedom for All grant.
The United Way said these funds will help support programs that equip participants with essential financial management skills.
United Way grants for financial literacy programs
Indiana State University's (ISU) Student Success and Advising Center, along with the Office of Financial Aid, will use the money to offer financial literacy workshops that will cover budgeting, savings, financial planning, helping students set responsible financial goals, tracking expenses and making informed spending decisions. These workshops will be offered to Pell Grant-eligible students.
According to the United Way, this grant will also help fund the creation of a Textbook Resource Library. The library will provide textbooks to 100 and 200-level Foundation Studies courses and classes with high drop, fail and withdraw rates.
The library will be located in Normal Hall's Student Success and Advising Center and will also provide additional help to students through tutoring and peer coaching services.
Additionally, the United Ways said ISU will use some of the grant money to purchase 'short-term loaner laptops' for students whose devices aren't up to college-level technology requirements.
The Junior Achievement in Wabash Valley (JA) will use its award to fund and facilitate a Family Financial Literacy Night. The program will help equip individuals with essential financial knowledge and skills to promote sustainable economic stability, said the United Way.
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The Family Financial Literacy Night will be held across the United Way's six-county service area (Clay, Parke, Sullivan, Vermillion, Vigo and Clark Counties) and will be available for families, individuals and children.
'By addressing both the immediate needs of families and the future of their children, this program aims to break the cycle of financial insecurity and build a more resilient, economically stable Wabash Valley,' said the United Way.
Adult participants can also enroll in the JA Young Adult Financial Literacy program, which covers budgeting, savings, taxes, credit, debit and more. While children of the program participants can participate in financial literacy education provided by JA.
'I believe one of the most powerful ways to engage students is to let them take charge of their own learning,' United Way of the Wabash Valley volunteer Summer Long stated. 'Programs such as these not only allow students to engage in learning but allows families to participate and learn as well. These types of programs are important to our community to help us feel united and continue to make the Wabash Valley a better place to raise a family.'
To learn more about the Financial Freedom for All grant and the United Way of the Wabash Valley, you can visit their website here.
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